For Sale
$2,873,000

7003 Bandera RdSan Antonio, TX 78238

NNN Lease, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional investment opportunity presents a 1,129 square foot, single-tenant retail property in San Antonio, Texas, featuring a 19.5-year remaining lease term (commencing May 15, 2024 and expiring May 31, 2044) with Smoothie King, Jamba, and Auntie Anne's. The property boasts a strong 5.50% cap rate and a Net Operating Income (NOI) of $158,000. Situated on Bandera Road, this high-visibility location benefits from 57,000 vehicles per day passing directly in front, further enhanced by its proximity to the major intersection of Bandera and Huebner Roads, generating a combined 73,840 vehicles daily. The property's strategic placement across from a Hobby Lobby-anchored shopping center ensures significant crossover customer traffic. This prime location is surrounded by numerous national retailers, including Walmart, Whataburger, and other fast-food chains, maximizing visibility and customer draw. The property also enjoys convenient proximity to several San Antonio schools, community centers, and major employers, including John Marshall High School and the Leon Valley Business Park. Its location is just 11 miles from San Antonio International Airport. The lease includes annual rent bumps, and the property is a new 2024 construction with a drive-thru for added customer convenience. This is a Net Lease (NNN) investment, ideal for 1031 exchange. The tenant, Fresh Dining Concepts, LLC, operates 215 stores across 21 states, exceeding $200 million in sales in 2024. Texas's income tax-free status makes this an attractive investment for out-of-state buyers. The asking price is $2,873,000.

Highlights

  • High-visibility, single-tenant retail building on Bandera Road with 57,000 AADT.
  • Prime location at the intersection of Bandera and Huebner Roads, totaling 73,840 AADT.
  • Across from a Hobby Lobby-anchored shopping center, maximizing customer traffic.
  • Surrounded by national retailers like Walmart and Whataburger.
  • Conveniently located near schools, community centers, and the Leon Valley Business Park.
  • Situated 11 miles from San Antonio International Airport.

Property Details for 7003 Bandera Rd

Property type
Other retail properties, Individual retail properties
Square Feet
1,129 SF
Year Built
2024

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.5002641
Longitude
-98.6241205
7003 Bandera Rd, San Antonio, Texas

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7003 Bandera Rd
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